Based on the last 12 Industrial Production YoY events in Euro Area, we expect USDCAD to trend downwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is > 22.2%

Historical events that allowed us to draw this conclusion

14 Jun 09:00

12 Mar 10:00

13 Jan 10:00

14 Dec 10:00